Legal & General Group Plc (LON:LGEN) Receives Average Rating of “Reduce” from Brokerages

Legal & General Group Plc (LON:LGEN) has earned an average recommendation of “Reduce” from the seven analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 276.86.

A number of research analysts recently issued reports on the company. Citigroup lowered Legal & General Group to a “sell” rating and reduced their price objective for the company from GBX 251 to GBX 245 in a research report on Monday, August 10th. Berenberg Bank raised their target price on Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price target on shares of Legal & General Group from GBX 255 to GBX 270 and gave the company an “underperform” rating in a report on Tuesday, August 11th. Peel Hunt restated an “add” rating and set a GBX 320 price target on shares of Legal & General Group in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a report on Thursday, August 13th.

Insider Buying and Selling

In other news, insider Mark Jordy purchased 3,494 shares of the stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of GBX 303 per share, for a total transaction of £10,586.82. In the last 90 days, insiders purchased 8,390 shares of company stock valued at $2,444,751. 0.61% of the stock is owned by company insiders.

Legal & General Group Stock Performance

Legal & General Group stock opened at GBX 286.30 on Friday. Legal & General Group has a 1 year low of GBX 217.20 and a 1 year high of GBX 318.10. The firm’s 50-day moving average is GBX 294.17 and its 200-day moving average is GBX 272.27. The company has a market cap of £15.64 billion, a P/E ratio of 29.39, a PEG ratio of 2.34 and a beta of 0.80.

Legal & General Group (LON:LGEN) last posted its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 EPS for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. As a group, sell-side analysts predict that Legal & General Group will post 24.2376446 earnings per share for the current year.

Legal & General Group Company Profile

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.